Nintendo Shares Hit High Point Amid Switch 2 Interest

Many of you are already aware of the rumors that Nintendo could soon launch its Switch 2 console, perhaps this year. In addition to the excitement surrounding the current hybrid system, shares of the gaming giant have reached an all-time high.

Up 5% compared to the previous day

According to a recent report from Nikkei Asia (as spotted by VGC), Nintendo shares “eclipsed the rest”, reaching 7,902, at least temporarily. The company's market capitalization reached 10 trillion yen, or approximately $69 billion. This is apparently the first time this has happened since 2007.

This could be due to growing interest in the next-gen Switch, which is still somewhat shrouded in mystery but is “attracting buyers with the expected launch.” The recent announcement of the live-action Legend of Zelda movie could also be a factor in the stock's rise.

Released in 2017, the Nintendo Switch now seems to be reaching the end of its life cycle. It was hugely successful with its mix of handheld and home console games, especially since the previous system – the WiiU – had failed to make an impression.

As for Nintendo itself, the company only seems to be getting stronger. Although the Xbox Series

With their interest in the Switch 2 building, fans and media will be curious to know exactly when Nintendo will make an announcement on the expected arrival of the console.